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course | Accounting, Finance Policies and Procedures

Join the Accounting, Fin... course taught in English

FNBN-3074 | Accounting, Finance Policies and Procedures

Course Sector : Finance, Accounting and Banking

Duration
Date from
Date to Course Venue Course fees Book a course
5 Days14/12/202618/12/2026Abu Dhabi$4,250 Book now
5 Days15/03/202719/03/2027Texas$5,950 Book now
5 Days21/06/202725/06/2027Abu Dhabi$4,250 Book now
5 Days20/09/202724/09/2027Dubai$4,250 Book now

Course Introduction

At BOOST , we recognize that accounting and finance policies and procedures form the backbone of financial integrity, control, and accountability within organizations. Clear, well-designed policies ensure consistency in financial practices, compliance with regulations, accurate reporting, and effective internal control. As organizations grow and face increased regulatory and governance expectations, the need for robust and well-documented accounting and finance procedures becomes increasingly critical.

 

The Accounting and Finance Policies and Procedures course, developed by BOOST, is designed to provide an in-depth and practical understanding of how financial policies and procedures are developed, implemented, reviewed, and applied in real organizational environments. This intermediate-level program is intended for professionals who already possess a foundational understanding of accounting and finance concepts and are now expected to work with, interpret, or improve financial policies and procedures.

 

The course focuses on translating accounting standards, financial regulations, and governance requirements into clear, actionable operational policies and procedures. Participants will explore how these policies support strong internal controls, effective risk management, audit readiness, and sound decision-making, while ensuring consistency and transparency across all financial activities.

 

Through structured explanations, applied examples, and practical discussions, participants will strengthen their ability to interpret financial policies, identify gaps or weaknesses, and contribute meaningfully to the continuous improvement of accounting and finance processes within their organizations.


Course objective

  • Understand the role of accounting and finance policies in organizational governance
  • Interpret and apply accounting and finance policies consistently
  • Understand how policies translate accounting standards and regulations into practice
  • Identify key components of effective financial policies and procedures
  • Assess the adequacy of existing accounting and finance procedures
  • Recognize risks arising from weak or unclear financial policies
  • Support internal control, compliance, and audit requirements
  • Contribute to the review and improvement of finance policies and procedures

Course audience

  • Finance and accounting professionals
  • Financial controllers and supervisors
  • Internal audit and risk professionals
  • Compliance and governance staff
  • Finance operations and shared services staff
  • Budgeting and financial planning professionals
  • Managers responsible for approving or overseeing financial activities

Course Outline | DAY 01

Role of Accounting and Finance Policies in Governance

 

  • Purpose of accounting and finance policies
  • Relationship between policies, procedures, and controls
  • Regulatory and compliance drivers
  • Alignment with accounting standards and financial regulations
  • Roles and responsibilities in policy ownership
  • Common challenges in policy implementation

Course Outline | Day 02

Core Accounting Policies and Procedures

 

  • Revenue recognition policies
  • Expense recognition and accruals
  • Asset capitalization and depreciation procedures
  • Inventory accounting policies
  • Provisions, reserves, and write-offs
  • Documentation and approval requirements

Course Outline | Day 03

Financial Control and Transaction Processing Procedures

 

  • Segregation of duties and authorization controls
  • Cash management and banking procedures
  • Accounts payable and receivable procedures
  • Payroll and employee-related financial controls
  • Journal entries and general ledger controls
  • Managing exceptions and overrides

Course Outline | Day 04

Financial Reporting, Compliance, and Audit Readiness

 

  • Financial closing and reporting procedures
  • Supporting financial statements with documentation
  • Compliance with internal and external reporting requirements
  • Interaction with internal and external auditors
  • Managing audit findings related to policies and procedures
  • Maintaining consistency and version control

Course Outline | Day 05

Reviewing, Updating, and Improving Finance Policies

 

  • Assessing effectiveness of policies and procedures
  • Identifying gaps, overlaps, and inefficiencies
  • Responding to regulatory and organizational changes
  • Best practices for policy updates and communication
  • Training and awareness for policy compliance
  • Developing a finance policy improvement action plan
  • Course review, reflection, and next steps
Course Certificates
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BOOST’s Professional Attendance Certificate “BPAC”

BPAC is always given to the delegates after completing the training course,and depends on their attendance of the program at a rate of no less than 80%,besides their active participation and engagement during the program sessions.

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Accounting policies and procedures are the rules, methods, and guidelines an organization follows to record, manage, and report financial transactions consistently and accurately.
Common accounting policies include:Revenue RecognitionInventory ValuationDepreciation PolicyExpense RecognitionAsset Valuation Policy
Time Value of MoneyRisk and Return Trade-offDiversificationLiquidityProfitability
Accrual PrincipleConsistency PrincipleGoing Concern PrinciplePrudence (Conservatism) PrincipleMatching PrincipleMateriality PrincipleFull Disclosure Principle
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